The global education technology market size was valued at USD 76.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 18.1% from 2020 to 2027, according to a report from Grand View Research, a market research and consulting company headquartered in San Francisco.
“The industry is primarily driven by the proliferation of smart devices and seamless internet connectivity,” according to their report, which provides a good, general, high-level overview of the sector.
The report overview states that, in recent years, “…there has been a tremendous shift taking place in the education sector from conventional exam-oriented learning to a personalized and interactive learning approach.
“Digitization is increasingly penetrating the education sector with technologies used to deliver education, skills, and knowledge in new and creative techniques. The use of such technologies has enabled learning and development to a lifelong process.
“Digital education is predicted to thrive with a wide array of beneficiaries across the geographical regions, age, and socio-economic conditions.” Learn more.